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Coley, Inc., has a cash cycle of 42.5 days, an operating cycle of 61 days, and an inventory period of 26 days.

Coley, Inc., has a cash cycle of 42.5 days, an operating cycle of 61 days, and an inventory period of 26 days. The company reported cost of goods sold in the amount of $340,000, and credit sales were $563,000.

What is the company’s average balance in accounts payable and accounts receivable?
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